One of my client being a Pvt Ltd Co.covered under Works Contracts Services.So as per RCM the company is 100% liable for making ST payment after claiming abatement by virtue of ST notification 24/2012 i.e. 7.416%/4.944% as Service tax rate, as the case may be.

Moreover the company is also liable 50% of ST liability as service receiver for the input services from Service tax provider.

Now query is whether 50 % portion of ST liability paid as service receiver can be set off against its liability for output services as service provider or not.

Please reply soon.

Dear All,

Anybody having any income tax circular regarding deduction of Salary Tax on monthly on regular basis in the whole year.

Earlier we are deducting Tax on estimated basis but now we are hear it is mandatory to deduct TAX on every months on equal basis but still we are not having any departmental circular for showing to our employees.

Please arrange to send departmental circular in this regard.


Regards
Akbar

I m going to write my icwa syllabus 2012 exam in june 2014 only group one please say me some tips what is mre important to prepare and how to prepare
Is study material issued by institute and the rtp are enough to pass

Dear Expert

For applying married woman pan card for first time, i need to approach Gazzated officer...can any one please tell me that officer is only 1st class officer and from the same area or from any other city or area also would be fine?/

Thanks in advance

Hi,
My aunt purchased a shop in 1994 for Rs.2lac. She sold this in April 2014 for Rs.19lac. She is a house wife and not in a receipt of any other income so never filed any ITR.She is a senior citizen now. Please let me know the tax implications and any other way she can get exemption from tax provisions. She and her daughter in law purchased a house in feb 2014 which is financed by bank.can she use this sale proceeds in repaymnt of loan.first name in prperty is her daughter in law.Also can she transfer the amount to his son as gift into NRO joint account owned by both son and daughter in law.first name in account is her daughter in law. Both son and his wife are settled in Singapore since Jan2012 and have not come to India for more than 30days till date.please advice about all tax implications for my aunt and her son and daughter in law.

Can an executive director be appointed in two companies at the same time...Plz advice

Dear Sir,

If a person is working in an IT Co and earning 12000 per month.Is it compulsory to deduct ESI from the salary of an employee.As per my knowledge it is applicable only in Factories or manufacturing Companies.I just want to confirm is it beneficial for IT Employees?Can you please guide me from where I can get full knowledge of it.

Thanks.

Dear Prof Bros,
TDS on Salary is deductible on payment basis and not on accrual basis. A co. has not paid salary to its employees due to financial problems.Not deducted TDS. Provision has been made for salary payable.The employee filed return offering salary receivable from co and paid tax himself. In next year co paid the salary dues to employee. Is there any need to deduct TDS by co on payment of salary for which tax is paid by employee? How employee would get tds credit? Would not it be ridiculous or meaningless on part of the co to deduct tds now on payment basis? If co does not deduct tds on payment basis, as auditors what comment to write in 3cd clause? Early solution solicited. Thanks.

I want to know the time limit for doing GMCS 2 and Advanced ITT. I have registered after August 2012. Is it compulsory to complete it before CA final exam? Kindly suggest

Dear Sir,

Please tell me whether rebate u/s 87A is available for Previous year 2014-15?